Infraprojects

India's aid gradually shifting beyond Asia, extending to new regions

These projects span a wide range of sectors like water, power, railways, roads, agriculture, education and health care

GPT Infraprojects launches QIP, fixes floor price at Rs 183.8; stock up 5%

GPT Infraprojects' board approved the floor price for the QIP at Rs 183.83 per share to raise Rs 175 crore

411 infra projects show cost overruns of Rs 4.31 trillion in Oct: Report

As many as 411 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.31 lakh crore in October this year, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,788 projects, 411 reported cost overruns and 837 projects were delayed. "Total original cost of implementation of the 1,788 projects was Rs 24,78,446.60 crore, and their anticipated completion cost is likely to be Rs 29,09,526.63 crore, which reflects overall cost overruns of Rs 4,31,080.03 crore (17.39 per cent of original cost)," the ministry's latest report for October 2023 said. According to the report, the expenditure incurred on these projects till October 2023 was Rs 15,27,102.91 crore, which is 52.49 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreases to 628 if the .

Capacit'e Infraprojects bags Rs 117 cr order from DLF to build Mall in Goa

Construction firm Capacit'e Infraprojects Ltd on Tuesday said it has bagged an order worth Rs 117.20 crore from DLF Ltd for the construction of a mall in Goa. The contract amount of Rs 117.20 crore excludes GST and labour cess. "Capacit'e Infraprojects Ltd has been a preferred construction company for leading corporates in India. In line with this thought, DLF entrusted responsibility for their mall project, company's managing director Rahul Katyal said. Further, the company said that the order inflow for the current fiscal, along with the existing order book, gives it confidence to deliver good growth in the coming quarters.

Capacit'e Infraprojects net profit grows 15% to Rs 22 cr in Sept quarter

Capacit'e Infraprojects has reported a 15 per cent increase in its consolidated net profit to Rs 22 crore during the September 2022 quarter on higher revenues. It had clocked a Rs 19 crore net profit in the July-September period of the preceding 2021-22 fiscal, the company said in a statement on Friday. The company's revenue from operations also rose 25 per cent to Rs 431 crore from Rs 345 crore in the year-ago quarter. Its earnings before interest, taxes, depreciation and amortisation (EBIDTA) for Q2 FY23 grew by 26 per cent to Rs 84 crore compared to Rs 67 crore in the second quarter of FY22. For the half year ended September 30, the company's net profit was 84 per cent higher at Rs 50 crore compared to Rs 23 crore in the year-ago period. Revenue from operations for H1 FY23 grew by 45 per cent to Rs 908 crore against Rs 626 crore a year ago. "Backed by a growing customer base and the dedication to hone our expertise further with the implementation of new-age processes, we are o

CM Kejriwal lays foundation of flyover from Anand Vihar to Apsara Border

Delhi Chief Minister Arvind Kejriwal laid the foundation stone of a 6-lane flyover between Anand Vihar to Apsara Border, intended to decongest one of the national capital's most crowded corridors

J Kumar Infraprojects leases 82,000-sq ft office in Mumbai

Infra company has leased the space on the second, 11th and 12th floors in Crescenzo and both of them have registered the agreement